Human Resources

Disability Insurance

LONG TERM AND VOLUNTARY SHORT TERM DISABILITY BENEFITS

Mutual of Omaha

Policy Period: 10/01 - 09/30

LONG TERM DISABILITY

Long Term Disability Benefit

60% of monthly earnings

Elimination Period
90 days of consecutive disability.  Benefits become payable on the 91st day.

Minimum Monthly Benefit
The greater of 10% of pre-disability earnings or $100

Maximum Monthly Benefit
$10,000

Mental/Nervous Limitation
24 Months

Maximum Benefit Duration
To age 65 or Normal Retirement Age

Survivor Benefit
Yes

Pre-existing Condition Limitation
Benefits will not be paid for a total disability caused by or resulting from a Pre-existing Condition unless the Insured has been Actively at Work for one full day following the end of 12 consecutive months from the date he/she became insured under the plan.

Definition of Disability
Employees qualify as disabled during the elimination period and own occupation period if, because of sickness, injury or pregnancy, they cannot perform at least one of the substantial and material duties of their own occupation, and they experience at least a 1% income loss.  After the first 5 years, an income loss of 15% is required in order to be classified as disabled.

Own Occupation Period and Definition
Own occupation is the occupation you are routinely performing at the time of disability.  The own occupation period is the period of time you must be unable to perform the duties of your own occupation. The own occupation period is the first 5 years of the benefit payment period. 

Disability Benefits When Working
For employees working during the benefit payment period, the monthly benefit payable is the lesser of (1) 100% of indexed pre-disability earnings, less income from other sources, less current earnings or (2) your primary monthly benefit, less income from other sources. 

Waiver of Premium
Your premium will be waived if you are determined to be disabled under the provisions of the plan.

Note: Participation in the Long Term Disability Plan is mandatory for all eligible employees of Cornish College of the Arts.  In order to provide the maximum benefit to an employee in the event of a long term disability claim, Cornish requires eligible employees to pay 100% of the cost of the long term disability coverage.  Cornish will reimburse eligible employees for the cost of the long term disability coverage. 

VOLUNTARY SHORT TERM DISABILITY

Short Term Disability Benefit

60% of monthly earnings

Elimination Period
14 days of consecutive disability.  Benefits become payable on the 15th day.

Minimum Monthly Benefit
$25

Maximum Monthly Benefit
Short term disability benefits are available for up to 11 weeks.

Pre-exisiting Condition Limitation
Benefits will not be paid for a total disability caused by or resulting from a Pre-existing Condition unless the Insured has been Actively at Work for one full day following the end of 6 consecutive months from the date he/she became insured under the plan.

Definition of Disability
Employees qualify as disabled during the elimination period and own occupation period if, because of sickness, injury or pregnancy, they cannot perform at least one of the substantial and material duties of their own occupation, and they experience at least a 1% income loss. 

Partial Disability Benefits
If you become disabled and can work part-time but not full-time, you may be eligible for partial disability benefits, which will help supplement your income until you are able to return to work full-time. 

Disability Benefits When Working
For employees working during the benefit payment period, the monthly benefit payable is the lesser of (1) 100% of indexed pre-disability earnings, less income from other sources, less current earnings or (2) your primary monthly benefit, less income from other sources. 

Waiver of Premium
Your premium will be waived if you are determined to be disabled under the provisions of the plan.

Note: Participation in this Short Term Disability Plan is voluntary for all eligible employees of Cornish College of the Arts.  If you elect coverage, you will pay the premium through payroll deduction with after-tax dollars.  Any benefit will be tax-free.